FT News Briefing Strikes threaten Boeing’s bottom line
Oct 8, 2024
Barney Jopson, FT's Spain and Portugal correspondent, shares insights on Spain's innovative proposal for EU capital markets integration. Claire Bushey, a reporter on Boeing, delves into the striking machinists’ demands for better pay and pensions, highlighting how this labor unrest threatens Boeing's financial recovery. The discussion also touches on the broader economic challenges affecting the EU and the implications of key financial leaders skipping COP29.
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Financial Leaders Skip COP29
- Several financial leaders are skipping the UN Climate Conference (COP29).
- This absence casts a shadow over the summit, dubbed the "finance COP", aiming to address climate change's financial impact on developing nations.
Spain's EU Finance Integration Plan
- Spain proposes a "competitiveness lab" for EU member states to experiment with financial integration initiatives.
- This approach aims to overcome resistance to removing capital market barriers by demonstrating success with smaller groups.
Starboard Invests in Pfizer
- Starboard Value, an activist investor, has acquired a $1 billion stake in Pfizer.
- They believe Pfizer mismanaged its COVID-19 profits and are betting on the drugmaker's recovery.